USP Yield Optimized Stablecoin vs Galaxy USDT Quality

Galaxy USDT Quality (ETH:GUSDTQ) is 2.3× the size of USP Yield Optimized Stablecoin (USP) by market capitalisation. Over the past 30 days, USP is ahead by 1.5 percentage points (USP +1.8% against ETH:GUSDTQ +0.3%). Their daily returns move barely together (correlation 0.00 across 30 shared trading days). USP has been the more volatile of the two, at 9% annualised against ETH:GUSDTQ's 2%.

Correlation: 0.00
Size ratio: 1 : 2.3
Ahead over 30 days: USP

USP Yield Optimized StablecoinUSP

$1.1500

24h: +0.01%
Market cap: $4.82M
Volume 24h: $875
Volatility (ann.): 9%

Galaxy USDT QualityETH:GUSDTQ

$1.0180

24h: +0.02%
Market cap: $10.87M
Volume 24h: —
Volatility (ann.): 2%

USP 30.7%Share of the two combined market caps69.3% ETH:GUSDTQ

Performance

USPETH:GUSDTQ

7 days+0.00%+0.10%ETH:GUSDTQ
30 days+1.77%+0.30%USP

Correlation

0.00over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USP	ETH:GUSDTQ
Max drawdown (400d)	-0.9%	-0.2%
Risk-adjusted return (90d)	0.19	0.17

Relative strength over 90 days: ETH:GUSDTQ outperformed USP by 0.3% — measured on the USP/ETH:GUSDTQ ratio, so it holds regardless of market direction.

USP Yield Optimized Stablecoin →Galaxy USDT Quality →